As investigations unfolded, authorities traced the assault back again to North Korea?�s infamous Lazarus Team, a condition-backed cybercrime syndicate having a long record of focusing on financial establishments.
Chilly storage: A good portion of consumer cash have been stored in cold wallets, which can be offline and thought of much less vulnerable to hacking makes an attempt.
The sheer scale from the breach eroded trust in copyright exchanges, resulting more info in a decline in investing volumes plus a change toward safer or controlled platforms.
2023 Atomic Wallet breach: The team was connected to the theft of around $100 million from people on the Atomic Wallet services, utilizing complex methods to compromise consumer property.}